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Formerly rich NFT buyers party through the pain


Welcome back to Chain Reaction.
Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and tattoos and booze and fun.
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Exit opportunity
It’s no secret at this point that plenty of onlookers are watching the crypto crash with glee, laughing as tokens tumble and NFT volumes shrink. The crypto industry has managed to make plenty of consumer enemies throughout this bull run — with detractors highlighting aggressive energy usage, the addictive profile of crypto investing and how NFTs have become “MLMs for dudes” — as justifications for their distaste.
As the bull market meets its end, there’s probably a good moment here for introspection on …

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